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February 09, 2016 11:01 PM ET


Company Overview of Acromas Holdings Ltd.

Company Overview

Acromas Holdings Limited, through its subsidiaries, sells branded goods and services in the United Kingdom and the Republic of Ireland. It operates through five divisions: Financial Services, Roadside Assistance, Travel, Care, and Media & Other. The Financial Services division engages in the insurance intermediary and underwriting, as well as personal finance businesses. The Roadside Assistance division provides roadside assistance services to consumers through personal membership, manufacturer warranties, and various other B2B relationships and AA AutoWindshields, which offer windscreen repair and replacement services. The Travel division comprises the Saga and Titan Travel branded package ...

Enbrook Park

Folkestone,  CT20 3SE

United Kingdom

Founded in 2007

20,472 Employees

Key Executives for Acromas Holdings Ltd.

Chief Executive Officer and Director
Age: 56
Chief Financial Officer and Director
Age: 53
Compensation as of Fiscal Year 2015.

Acromas Holdings Ltd. Key Developments

Automobile Association Mulls IPO- Reports

Acromas Holdings Ltd. could soon announce stock market flotation for Automobile Association Underwriting Services Ltd, Sky News reported citing a source. Ten institutional investors are believed to been lined up to buy substantial stakes in Automobile Association Underwriting Services Ltd, including Aviva plc (LSE:AV.), Blackrock Inc., JP Morgan Asset Management (UK) Limited, Lansdowne Partners Limited and Legal & General Investment Management.

Cenkos Interested In Acquiring Cenkos Securities

Acromas Holdings Ltd. has been approached by several parties including Cenkos Securities plc (AIM:CNKS) to acquire The Automobile Association Limited (AA). Cenkos is understood to have approached a number of City institutions to back the deal worth more than £4 billion. A spokesman of Acromas, said, "'We can confirm we have received a number of unsolicited proposals including one from Cenkos. While we take all such proposal seriously, no decision to sell the AA has been taken."

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